OceanGate did not offer additional details about pausing its operations. Its CEO, Stockton Rush, was among the five people killed when the company's Titan submersible imploded in June.
Pretty sure the market suspended operations for them. No one’s paying to use their services, no one will want to finance them… Once the sun imploded they were toast as a company.
This makes me feel sick thinking about the people that may have believed in this company that were working there. Can you imagine one day you suddenly hear your CEO is dead and the entire reason for your company is gone? I hope they were already job searching.
I think they had two other submersibles, though - those two don’t go nearly as deep as the Titan and were for dives of less than 1000 feet. But you know nobody wants to get into anything by that company now.
"Once they can be convinced again that the activities are safe, then they will go back," he said. "The human nature is to think, 'Well, this will happen to other people. This won't happen to me. I will be more careful.'"
There is never a shortage of hubris, in other words. 🤦🏽♂️
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